Susquehanna Maintains Positive on Bumble, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a positive outlook on Bumble (NASDAQ:BMBL), but has lowered the price target from $25 to $17.

November 08, 2023 | 8:41 pm
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Bumble's price target has been lowered from $25 to $17 by Susquehanna, despite maintaining a positive outlook.
The lowering of the price target by a prominent analyst could lead to a negative sentiment among investors, potentially causing a short-term drop in Bumble's stock price. However, the maintained positive outlook might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100